All categories

2 years ago

What is a balance sheet? How does it support business?

1 answer:

6 0

A balance sheet is a summary of all of your business assets (what the business owns) and liabilities (what the business owes). At any particular moment, it shows you how much money you would have left over if you sold all your assets and paid off all your debts (i.e. it also shows 'owner's equity').

You might be interested in

If a test is being used to make a dichotomous decision (e. G. , suitable or unsuitable for the job), the _____ marks the point o

wolverine [178]

If a test is being used to make a dichotomous decision (e. G. , suitable or unsuitable for the job), the cutting marks the point of decision.

<h3>What is the usefulness of cut off mark in a test?</h3>

cut off mark in a test is been used in the selection process after the test which is very important in the point of decision.

And this will be necessary to get the good hand for the job when the test is being used to make a dichotomous decision.

Learn more about cut off mark at:brainly.com/question/25997960

#SPJ12

3 0

2 years ago

Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200 Purchase

amid [387]

Answer:

correct option is A. $5,087

Explanation:

given data

March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200

Purchases amount Sales

Mar. 10 600 gals @ $7.25 4350 Mar. 5 400 gals

Mar. 16 800 gals @ $7.30 5840 Mar. 14 700 gals

Mar. 23 600 gals @ $7.35 4410 Mar. 20 500 gals

Mar. 26 700 gals

total 3000 @7.267 21800

cost of good sold 2300 @ 7.267 16714

balance is = 3000 - 2300 = 700 @ 7.267

ending inventory is $5087

so correct option is A. $5,087

7 0

3 years ago

a report must be sent promptly to FINRA if a registered employee of a member firm for all of the following EXCEPT: A has violate

Gnom [1K]

Answer:

is ticketed for careless driving

Explanation:

FINRA Rule 4530 says one can report

each member of the firm promptly to FINRA, within 30 calendar days,

6 0

3 years ago

One way to support the domestic marketing campaign is through industry participation. List three other pillars of this campaign.

Whitepunk [10]

Answer: strategic pillars: content, data, and execution

Explanation:

3 0

2 years ago

On January 1, DogMart Company purchased a two-year liability insurance policy for $32400 cash. The purchase was recorded to Prep

aleksley [76]

Answer: $1,350

Explanation:

The insurance is for 2 years but has to be apportioned monthly on account of the Accrual basis in Accounting where expenses will only be recognized when they are incurred.

The expense to be recorded for the first month will therefore be:

= 32,400 / 24 months

= $1,350

4 0

2 years ago